Stocks Investors Can Profit From Regency Energy Partners LP (RGP), Mueller Water Products, Inc. (MWA) and Owens-Illinois Inc (OI)
New York, NY – GDP INSIDER – 04/30/2014.
This article discusses three companies: Regency Energy Partners LP (NYSE:RGP), Mueller Water Products, Inc. (NYSE:MWA) and Owens-Illinois Inc (NYSE:OI)
Regency Energy Partners LP (NYSE:RGP) shares were up in trading on Wednesday by 5% to $23.47. The volume soared to over 37 million shares traded during the day compared to just a 2 million daily average. The $9.64 billion company announced its tenth consecutive quarterly cash distribution increase on Tuesday. In addition, Regency unitholders also approved a merger with Energy Transfer Partners, L.P. The merger of the two LPs is expected to close on Friday. There could be more upside for unitholders of the new entity.
Mueller Water Products, Inc. (NYSE:MWA) had a difficult day yesterday in trading. Its shares decreased by 4.8% to $9.71 after it reported its 2Q 2015 results. Net sales increased just 1% in the quarter to $290 million and EPS were $0.08. The company also announced a $50 million share repurchase program on Wednesday. The MFI for the stock is at 43 and the MACD just crossed the signal line. The stock was on a slight upward move since a big decline in early February. The crossover could signal the stock will continue to decline in price. We are concerned and forecast a lower price for the stock.
Owens-Illinois Inc (NYSE:OI) shares declined by 3.8% on Wednesday to $24.19 after it reported 1Q 2015 earnings. The stock is up just 3.6% year-to-date compared to the S&P 500 that has increased by 5.6%. In our view, neither the RSI nor the MFI indicate any sort of technical move ahead at values of 49 and 44, respectively. The decline yesterday was on high volume of 4.9 million shares which is more than double the 1.7 million daily average volume. Foreign currency was a larger than expected headwind in the quarter and offset better than expected performance in the Americas.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.